Public Employees Retirement System of Ohio Lowers Stock Holdings in Taylor Morrison Home Corporation $TMHC

Public Employees Retirement System of Ohio reduced its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 46.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,148 shares of the construction company’s stock after selling 11,414 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Taylor Morrison Home were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home in the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $33,000. Root Financial Partners LLC lifted its holdings in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth about $40,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth approximately $45,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $72.45 on Wednesday. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The company’s 50 day moving average price is $71.16 and its 200 day moving average price is $64.80.

Analysts Set New Price Targets

TMHC has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Barclays reiterated an “equal weight” rating and issued a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.